ARI 8.82% 3.7¢ arika resources limited

Ann: Reconnaissance Drilling Confirms Regional Prospectivity, page-21

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  1. 1,885 Posts.
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    Cosmo will be the exciting one IMO.

    But the market did not like these results, clearly.

    They need to get a result with AB, even a cash sale for a couple of $M at this point.... then continue to put the money into the ground.

    I doubt Andrew Daley will come out of, what appears, retirement ... to assist. He should have been let go IMO, for his contribution (or lack of).

    I can’t fault the company for the results, it’s all part and parcel of being a junior.

    But AB is continually hanging over the company, as a reminder of the failings of the previous management in unlocking SH value for this monstrous resource.

    Months of waiting for drill results should have also equated to months of reaching out to potential buyers/partners for AB.



    Cheyne.
 
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